MAG Property, the property and development arm of the airport operator, has hired JLL development advisor Adam White as director of commercial and business development.
White spent 10 years at JLL, where he was a director in the development team, having trained under highly respected development dealmaker Bob Dyson before his retirement in 2013. Major projects White has worked on include advising Legal & General on the acquisition of a 50% stake in MediaCityUK, the sale of the 19-acre ITV Granada site to Allied London and leading on the disposal of AstraZeneca’s 400-acre Alderley Park site in Cheshire to Bruntwood and Manchester Science Partnerships.
White will report to Lynda Shillaw, MAG Property chief executive, and have responsibility for overseeing the separation of MAG Property’s UK-wide £623m property portfolio and land bank, business development and investor relations.
Shillaw said: “After 15 years of solid growth, MAG Property now offers something distinctive for businesses looking to occupy or develop space at our highly connected locations. We understand the complexities of the infrastructure and services that make airports work, so we know how to help businesses based there take full advantage of them.
“This is a really exciting period for MAG Property as we build a relatively unique market-leading property company within the aviation sector. Establishing a strong senior management team with the right knowledge and expertise is vital for us and Adam is the latest in a series of high calibre hires.”
The senior team at MAG Property consists of Lynda Shillaw, divisional CEO, Jonathan Haigh, director of development and infrastructure, David Fowlds, head of asset management, John McHugh, head of marketing, Ken Mellis, head of estates management and risk, Chris Stevens, property finance director.
White said: “I’m really excited to be joining the senior team at MAG Property at this really important stage in its development. As a diverse and growing business, I believe it is extremely well placed to capitalise on increasing occupational and investment demand.”
MAG Property has a £623m mixed-use commercial portfolio and 1,000-acre land bank at Manchester, London Stansted, East Midlands and Bournemouth airports.
MAG Property manages MAG’s 50% investment in the £800m Airport City Manchester development, focal point of Greater Manchester’s Enterprise Zone. In conjunction with Beijing Construction & Engineering Group, Carillion and the Greater Manchester Pension Fund.
MAG is the largest UK-owned airport group and serves 48 million passengers through its ownership and operation of Manchester, London Stansted, East Midlands and Bournemouth airports. MAG is privately managed on behalf of its shareholders with IFM Investors owning 35.5%, Manchester City Council 35.5% and the nine Greater Manchester Councils of Bolton, Bury, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford and Wigan owning the remaining 29%.